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Williams & Goodwin The Property People
313 High Street
Bangor
Gwynedd
LL57 1UL
United Kingdom
Tel: 01248 355333
bangor@tppuk.comA well presented second floor retirement apartment allowing independent living with the benefit of communal rooms providing a community spirit of like-minded people in a highly convenient location being literally ready to move into. Being situated in the centre of the popular Menai Bridge town this neatly decorated retirement apartment is just a short and level walk from the local shops, post office, restaurants and other town amenities, with the bus stops being situated literally outside the property. This second floor apartment is approached via a communal entrance area and served by an electric lift to the 2nd floor landing as well as benefiting from communal rooms and is currently laid out to provide good sized lounge, kitchen, 1 double bedrooms and shower room.
Being situated in the centre of the popular Menai Bridge town this neatly decorated retirement apartment is just a short and level walk from the local shops, post office, restaurants and other town amenities, with the bus stops being situated literally outside the property. This second floor apartment is approached via a communal entrance area and served by an electric lift to the 2nd floor landing as well as benefiting from communal rooms and is currently laid out to provide good sized lounge, kitchen, 1 double bedrooms and shower room.
Taking the main road over the Menai Suspension bridge onto Anglesey and turn right at the roundabout after crossing the bridge towards the town centre, and proceeding past The Victoria Hotel taking the next left turn passing the library and bus stops, where the apartment block will then be seen on the left hand side, with this specific apartment being serviced by a lift to the 2nd floor.
Second Floor Lobby
Accessed via an electric lift from the entrance area with secure intercom access
Entrance Hall
Approached via a private door from the communal landing and with an electric storage heater, and fitted storage cupboard with insulated hot water cylinder.
Lounge
20' 1'' x 10' 0'' (6.12m x 3.05m)
UPVC double glazed window to rear, and electric storage heater.
Kitchen
9' 4'' x 5' 9'' (2.84m x 1.75m)
Being comprehensively fitted with a range of matching modern wall and base units having granite style working surfaces above. UPVC double glazed window to rear, and wall mounted electric warm air heater.
Bedroom 1
13' 7'' x 9' 1'' (4.14m x 2.77m)
With UPVC double glazed window to rear, an wall mounted electric panel heater.
Shower Room
Having modern suite of walk in shower cubicle with fitted seat and electric shower, wash hand basin in vanity unit and wc Tiled walls and roof tunnel window providing plenty of natural light.
Outside
The property benefits from a communal parking area to the rear and communal open garden seating area to the front. Prospective purchasers may also wish to note that residents of the apartment block have use of a communal day room which is popular with many of the occupiers in the block for social gatherings and activities in addition to a communal laundry room.
Service Charge
Llys Menai is managed by Clwyd Alyn Housing Association Ltd. Apartments are disposed of through assignment of the Lease by the current Lessee and it should be noted that any potential purchaser will need to satisfy the Association’s requirements and conditions and must complete an application form, the main points being a) occupants have to be of retirement age (over 55) and be capable of living independently. b) the flat must be owner occupied and not be sub-let. c) the occupier will be responsible for paying the monthly service charge. A schedule of the items which this covers can be seen on request. d) the owner will also be responsible for paying the Deferred Service Charge paid on disposal of the flat (1% of the original purchase price at the time of disposal per year of residence). e) the day to day service charge is payable even when an apartment is unoccupied.
Tenure
We are advised that the tenure of the apartment is the residual term of a 999 year lease from 1991, with a service charge for the period to 2021 of £1750 per annum
Representative example A mortgage of £202,784 payable over 23 years, initially on a fixed rate until 30/09/19 at 1.30% and then on a variable rate of 3.89% for the remaining 21 years would require 26 payments of £850.04 and 250 payments of £1,086.74. The total amount payable would be £294,896 made up of the loan amount plus interest (£91,002) and fees (£1,110). The overall cost for comparison is 3.5% APRC representative.
Lender | Scheme Type | Initial Rate | Subsequent Rate | Overall Cost for Comparison (APR) | Arrangement Fee | Help With Costs | Early Repayment Charges | Early Repayment Details | Monthly Payment | LTV |
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Lender | Scheme Type | Initial Rate | Subsequent Rate | Overall Cost for Comparison (APR) | Arrangement Fee | Help With Costs | Early Repayment Charges | Early Repayment Details | Monthly Payment | LTV |
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Lender | Scheme Type | Initial Rate | Subsequent Rate | Overall Cost for Comparison (APR) | Arrangement Fee | Help With Costs | Early Repayment Charges | Early Repayment Details | Monthly Payment | LTV |
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*The monthly payment is based on an repayment mortgage where the amount borrowed is equal to the % of the purchase price shown in the LTV column.
The GPEA Mortgage Service is provided by London & Country, the UK's leading fee-free mortgage broker. Their expert mortgage advisers will recommend the best mortgage to suit your personal circumstances and you'll have help managing your mortgage from start to finish. Whether you're a first time buyer looking to get on the property ladder, a home mover, a landlord buying property to let or an existing borrower looking to remortgage your current deal, their advisers are available to help you 7 days a week.
The actual rate available will depend upon your circumstances. Please ask for a personalised illustration.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The FCA does not regulate most buy to let mortgages.
The Guild of Property Professionals Mortgage Services is provided by London & Country Mortgages Ltd, Beazer House, Lower Bristol Road, Bath, BA2 3BA who are authorised and regulated by the Financial Conduct Authority. FCA number 143002
Representative example A mortgage of £202,784 payable over 23 years, initially on a fixed rate until 30/09/19 at 1.30% and then on a variable rate of 3.89% for the remaining 21 years would require 26 payments of £850.04 and 250 payments of £1,086.74. The total amount payable would be £294,896 made up of the loan amount plus interest (£91,002) and fees (£1,110). The overall cost for comparison is 3.5% APRC representative.
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